Generac (NYSE:GNRC) Stock Rating Lowered by StockNews.com

Generac (NYSE:GNRC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $149.00 price objective on shares of Generac in a report on Thursday, May 23rd. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price for the company. in a research report on Thursday, May 30th. Roth Mkm upped their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Janney Montgomery Scott downgraded Generac from a “buy” rating to a “neutral” rating and upped their target price for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Finally, Canaccord Genuity Group upped their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac presently has a consensus rating of “Hold” and an average target price of $141.67.

Generac Stock Performance

Shares of GNRC stock opened at $138.03 on Wednesday. Generac has a 12-month low of $79.86 and a 12-month high of $156.95. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.37. The business has a 50 day simple moving average of $140.16 and a 200 day simple moving average of $128.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Generac will post 6.15 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares in the company, valued at $493,611.60. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock valued at $11,720,411 in the last three months. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Generac

A number of hedge funds have recently modified their holdings of the stock. Capital World Investors increased its stake in shares of Generac by 2.1% in the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after acquiring an additional 25,646 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Generac by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after acquiring an additional 15,490 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Generac by 23.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after buying an additional 115,728 shares during the last quarter. Norges Bank acquired a new position in Generac during the fourth quarter worth $67,253,000. Finally, Ninety One UK Ltd increased its position in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.